condominium investing in Toronto – StoryLine by CondoNow https://condonow.com/learn Investor Info, New Launches & Much More Fri, 31 May 2019 20:33:45 +0000 en-CA hourly 1 GTA condo purchase requests surge, nearing 2017 levels, are sales poised to rebound? https://condonow.com/learn/gta-condo-purchase-requests-surge-nearing-2017-levels-are-sales-poised-to-rebound/ https://condonow.com/learn/gta-condo-purchase-requests-surge-nearing-2017-levels-are-sales-poised-to-rebound/#respond Mon, 06 May 2019 13:56:59 +0000 https://condonow.com/learn/?p=2030 CondoNow has seen an explosion in search and purchase requests from buyers in the first four months of 2019. The historical average ratio of purchase requests to GTA new condo sales sits at 12%. This year that ratio has climbed by 1100% to an average of 133%. Does this growth in demand forecast a potential sales surge?  …

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CondoNow has seen an explosion in search and purchase requests from buyers in the first four months of 2019. The historical average ratio of purchase requests to GTA new condo sales sits at 12%. This year that ratio has climbed by 1100% to an average of 133%.

Does this growth in demand forecast a potential sales surge

According to Altus, total new home sales for the first quarter of 2019 are down 65% and 27%, compared to 2017 and 2018 respectively.

toronto-condo-market-2019

Considering the start of 2019’s notably slower sales period, recent online trends from buyers in Spring of 2019 has surpassed 2018’s purchase interest levels by almost 30%.  

Increases in purchasing interest from buyers in April of 2019 are comparable to that of October 2018, and May 2017 when sales were 2,805 and 3,766. Does this new wave in traffic and interest indicate a potential surge in sales in the immediate future? Let us know what you think.  

 *Above Statistics are based on 3+ million users, 100K+ Purchase Requests, 32+ Million Pageviews, and an averages session time of 3:57 minutes.  

CondoNow.com is the easiest way consumers can search, shop, compare and buy a new condo. Choose to work with the top platinum real estate agents or directly with the developer and receive exclusive access to new condo and townhome developments in Toronto.

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The Key Traits of Successful Real Estate Investors https://condonow.com/learn/key-traits-successful-real-estate-investors-2/ https://condonow.com/learn/key-traits-successful-real-estate-investors-2/#respond Wed, 22 Jun 2016 20:54:07 +0000 http://learn.condonow.com/learn/?p=655 Real estate is a sound investment when you do it properly. Condominium investing and other real estate investments can be lucrative businesses. Many assume it’ll bring instant wealth. But real estate investing is challenging, and success is due to careful planning, focus, and strategizing.   You don’t need a degree in new condo investing or …

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Real estate is a sound investment when you do it properly. Condominium investing and other real estate investments can be lucrative businesses. Many assume it’ll bring instant wealth. But real estate investing is challenging, and success is due to careful planning, focus, and strategizing.

 

You don’t need a degree in new condo investing or coursework from a college in order to be a highly effective and successful condo investor. Programs do exist, but being successful in real estate has more to do with good habits and traits, than it necessarily does with good education.

 

Highly successful and effective real estate investors in the condo market usually have these traits and habits in common:

 

Understand Investments are a Business

Whether you’re investing your time and money in re-sale or pre-built condominiums in Toronto, setting your sights on something small or larger in price, you need to view your investments and real estate transactions as a business. This means being very organized and building strict plans to follow. It means understanding the key metrics involved in accurate condo rental ROI. This way you can create both short term and long goals, and track the progress of your investment, just as if it was your personal business.

 

Know Your Specific Market

It’s important to know as much as you can about your targeted investment location and market(s) so you can make the best short and long term investment decisions. Knowing your targeted locations inside and out will shed a lot of light on what you’re getting into, long before you spend a single dollar. Area specific searches such as this search on CondoNow for Condo’s at Yonge and Bloor  will get you all the sorts of details you need help make well-informed purchase decisions.

 

As an investor, you should always stay up to date with the current trends and if there are any changes. If people are spending less or unemployment rates are rising in certain area, you need to know and adapt to these sorts of things before you invest, not after.

 

Choose a Focus (or Niche)

Choosing a specific area, such as pre-built condominium investing allows you to become an expert on everything related to that niche. This will benefit you because you’ll know everything about the nuances involved with pre-construction, helping you to make effective decisions that lead to sound investments. And the more you know about the niche in general, the better you will also get to understanding the specifics and perhaps see opportunities others may miss.

 

Regulations Matter

It’s as imperative to stay current with any changes in real estate laws and regulations, as it is to stay on top of general trends. Ignorance could put you in the middle of legal dealings, and not knowing the laws isn’t an excuse to law officials. Spending a little extra time to stay current with laws, regulations and related news can have a significant impact on your final decisions.

 

Invest in an Accountant

Tax laws can be overwhelming and complicated. When tax season rolls around, to say the least, it can be taxing. Teal Estate Investing Tax calculations can take up a lot of time and take you away from areas of your business you need to focus on. Make the investment in a qualified accountant so they can focus on your taxes, which can be a large part of your yearly expenses, and you can focus on your business.

 

Don’t Be Afraid to Ask for Advice

Investing in real estate can have its complexities. It requires a lot of knowledge in order to be successful. Business and legal procedures surrounding condominium investing in Toronto and other real estate is complicated. Successful real estate investors often have mentors, lawyers, accountants, or friends to help them learn and understand all the challenging information. It’s imperative to invest time and any additional costs to avoid risking any illegal situations.

 

Build Networks

Being a successful real estate investor is about experience and learning that can’t be read in a book. A network provides access to expertise, support, job opportunities, referrals, and the ability to create new opportunities. Networks often include lawyers, friends, accountants, business partners, or a non-profit interested in real estate. Building a strong network can often be the foundation for long term, ongoing success.

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The Key Traits of Successful Real Estate Investors https://condonow.com/learn/key-traits-successful-real-estate-investors/ https://condonow.com/learn/key-traits-successful-real-estate-investors/#respond Wed, 01 Jun 2016 17:36:36 +0000 http://learn.condonow.com/learn/?p=523 Real estate is a sound investment when you do it properly. Condominium investing and other real estate investments can be lucrative businesses. Many assume it’ll bring instant wealth. But real estate investing is challenging, and success is due to careful planning, focus, and strategizing. You don’t need a degree in new condo investing or coursework …

The post The Key Traits of Successful Real Estate Investors appeared first on StoryLine by CondoNow.

]]>

Real estate is a sound investment when you do it properly. Condominium investing and other real estate investments can be lucrative businesses. Many assume it’ll bring instant wealth. But real estate investing is challenging, and success is due to careful planning, focus, and strategizing.

You don’t need a degree in new condo investing or coursework from a college in order to be a highly effective and successful condo investor. Programs do exist, but being successful in real estate has more to do with good habits and traits, than it necessarily does with good education.

Highly successful and effective real estate investors in the condo market usually have these traits and habits in common:

 

Understand Investments are a Business

Whether you’re investing your time and money in re-sale or pre-built condominiums in Toronto, setting your sights on something small or larger in price, you need to view your investments and real estate transactions as a business. This means being very organized and building strict plans to follow. It means understanding the key metrics involved in accurate condo rental ROI. This way you can create both short term and long goals, and track the progress of your investment, just as if it was your personal business.

 

Know Your Specific Market

It’s important to know as much as you can about your targeted investment location and market(s) so you can make the best short and long term investment decisions. Knowing your targeted locations inside and out will shed a lot of light on what you’re getting into, long before you spend a single dollar. Area specific searches such as this search on CondoNow for the Yonge and Bloor area will get you all the sorts of details you need help make well-informed purchase decisions.

As an investor, you should always stay up to date with the current trends and if there are any changes. If people are spending less or unemployment rates are rising in certain area, you need to know and adapt to these sorts of things before you invest, not after.

 

Choose a Focus (or Niche)

Choosing a specific area, such as pre-built condominium investing allows you to become an expert on everything related to that niche. This will benefit you because you’ll know everything about the nuances involved with pre-construction, helping you to make effective decisions that lead to sound investments. And the more you know about the niche in general, the better you will also get to understanding the specifics and perhaps see opportunities others may miss.

 

Regulations Matter

It’s as imperative to stay current with any changes in real estate laws and regulations, as it is to stay on top of general trends. Ignorance could put you in the middle of legal dealings, and not knowing the laws isn’t an excuse to law officials. Spending a little extra time to stay current with laws, regulations and related news can have a significant impact on your final decisions.

 

Invest in an Accountant

Tax laws can be overwhelming and complicated. When tax season rolls around, to say the least, it can be taxing. Teal Estate Investing Tax calculations can take up a lot of time and take you away from areas of your business you need to focus on. Make the investment in a qualified accountant so they can focus on your taxes, which can be a large part of your yearly expenses, and you can focus on your business.

 

Don’t Be Afraid to Ask for Advice

Investing in real estate can have its complexities. It requires a lot of knowledge in order to be successful. Business and legal procedures surrounding condominium investing in Toronto and other real estate is complicated. Successful real estate investors often have mentors, lawyers, accountants, or friends to help them learn and understand all the challenging information. It’s imperative to invest time and any additional costs to avoid risking any illegal situations.

 

Build Networks

Being a successful real estate investor is about experience and learning that can’t be read in a book. A network provides access to expertise, support, job opportunities, referrals, and the ability to create new opportunities. Networks often include lawyers, friends, accountants, business partners, or a non-profit interested in real estate. Building a strong network can often be the foundation for long term, ongoing success.

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